In Hong Kong, do people pay income taxes?

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 Hong Kong exclusively collects three types of direct taxes:

Taxes on Profit

All incorporated enterprises must pay the Profits Tax. It follows the 2-tier tax administration, whereas 8.25% is applied for every first HK$2 million profits while the outstanding profits will be 16.5%.

Tax on Salaries

Individuals are taxed on their net chargeable income at a progressive rate under the Salaries Tax, which applies to employee income. It starts at 2% and goes up to 17 percent. They also have a standard rate of 15% on net income.

Taxes on property investment

Renting out a property in Hong Kong results in a Property Tax. Its standard rate is 15% of the net assessable value of the property.

Capital gains tax, withholding tax, and import taxes are not collected in the region, making it very attractive to foreign investors and entrepreneurs.

Interested in Company Registration in Hong Kong? Visit: https://asiabc.co/services/company-registration/hk-with-fintech-account/


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